Trade sale
Macquarie buys Asia solar platform
Green Investment Group (GIG), a global clean energy investment platform managed by Macquarie Capital, has acquired Conergy Asia & ME, a Singapore-based solar power developer owned by Goldman Sachs Asset Management and Tennenbaum Capital Partners.
Deal focus: EMR spins golden returns from Martabe
EMR Capital has secured a $1.2 billion exit from Indonesia's Martabe gold and silver mine to strategic player United Tractors
EMR consortium exits Indonesia's Martabe to strategic player
EMR Capital, Farallon Capital, and other investors have agreed to sell their stake in Indonesia’s Martabe gold and silver mine to United Tractors, an Indonesia-listed mining business owned by global conglomerate Jardine Matheson Holdings.
PE-backed Chinese healthtech firms to merge
China-based healthcare platforms Tencent Doctorworks and Xingren.com, both of which have several private equity and venture capital investors, have agreed to merge.
India's Epiq closes first three investments
Epiq Capital, an India-focused private equity firm founded by Matrix Partners India co-founder Rishi Navani, has completed its first three investments in eyewear retailer Lenskart Solutions, financial technology company Mswipe, and online home rental...
Tokio Marine agrees $163m sale of Japan's Izumi
Tokio Marine Capital has agreed to sell Izumi Products, a Japanese manufacturer of electric tools and home appliances, to Maxell Holdings and Development Bank of Japan (DBJ) for JPY18.2 billion ($163.5 million).
Actis confirms $150m exit from China diagnostics business
Actis has confirmed that it made a full exit from Chinese in vitro diagnostics (IVD) business Beijing Chemclin Biotech, also known as Kemei Biotechnology, for $150 million.
New Zealand's Maui Capital agrees Pedersen trade sale
Australian logistics infrastructure services company Linx Cargo Care has agreed to buy Pedersen, a New Zealand wood processing player owned by Auckland-based Maui Capital, for an undisclosed sum.
China AI start-up DeePhi Tech sold to Xilinx
DeePhi Tech, a Beijing-based start-up focused on artificial intelligence (AI) and machine learning with backing from several VC investors, has been acquired by US-based computer processor developer Xilinx.
India healthcare: The growth infusion
Indian hospitals are increasingly attractive for private equity investors. GPs can thrive in the space with a well-defined growth strategy that takes local market requirements into account
Navis to sell stake in Singapore's White Lodge Education
Navis Capital Partners has agreed to sell a 70% stake in White Lodge Education Group Services, a Singapore-based preschool and kindergarten operator, for S$13.3 million ($9.8 million).
SCPE buys stake in India travel business from Naspers
Standard Chartered Private Equity (SCPE) has invested an undisclosed amount in Indian online travel company Travel Boutique Online (TBO) to acquire a stake held by South African internet conglomerate Naspers.
VCs see opening for Southeast Asia exits – AVCJ Forum
Venture capital firms in Southeast Asia see a growing range of exit avenues thanks to a maturing local start-up market and increasing interest from global investors.
India's Fortis rejects TPG-backed buyout bid
Indian healthcare service provider Fortis Healthcare (FHL) has chosen IHH Healthcare as the buyer for its hospital operation, ending a protracted bidding process and rejecting a INR32 billion ($472 million) offer from TPG Capital and its portfolio company...
Asia exits have 'never been easier,' GPs say - AVCJ Forum
Private equity exits in Asia are on a roll, driven by rising Chinese strategic interest and the emergence of larger pan-regional private equity firms looking for secondary buyouts, industry participants told the AVCJ USA Forum.
Yahoo acquires Japan's VC-backed Dely
Yahoo Japan has acquired Dely, the VC-backed Japanese start-up that operates online recipe-sharing service Kurashiru.
2Q analysis: Flipping out
Flipkart sets the tone as strategics deliver tech trade sale exits; Chinese internet players and healthcare are the trendsetters in investment; buyouts, venture stand out in Asia fundraising
Unitas agrees $694m sale of Chinese condiments business
Unitas Capital, which is in the process of exiting its remaining investments after abandoning plans to raise a new fund in 2016, has agreed to sell Chinese condiments producer Jiahao Foodstuff to Huabao International Holdings for $694.5 million.
Warranty and indemnity insurance: The information barrier
Warranty and indemnity insurance is growing in popularity in Asia, particularly in emerging markets. A lack of understanding is the biggest impediment to its widespread adoption
SeaLink leads $29m round for Indian children’s hospital
SeaLink Capital Partners has led a INR2 billion ($29 million) investment in Indian maternal and pediatric hospital chain Surya Children’s Medicare, providing an exit for OrbiMed Advisors.
Blackstone agrees $1b exit from India’s Intelenet
The Blackstone Group has agreed to sell India-based business process outsourcing (BPO) service provider Intelenet Global Services to French peer Teleperformance for $1 billion. It is the second time that Blackstone has exited the company through a trade...
VIG nets 2.1x return on Korea price comparison site deal
VIG Partners has agreed to sell its controlling stake in Summerce Platform, operator of the Korean online price comparison website Enuri.com, to local e-commerce player Koreacenter for KRW105 billion ($97.8 million).
Hony sells Chinese hospital to Hong Kong-listed platform
Hony Capital has agreed to sell three private hospitals in Zhejiang province to Hospital Corporation of China (HCC), a Hong Kong-listed platform it established several years ago, for RMB630 million ($98 million).
Wine in China: Nurturing the vine
Private equity interest in wine is set to increase as its role in the China luxury goods thesis comes further into focus. Culture, character, and copycatting will be at the top of investors’ strategic agenda
